Primary reason for downgraded rating is lack of relief from Centre after SC on February 14 refused to grant relief in AGR case; Vodafone Idea has to pay Rs 53,000 crore as AGR dues

SC's Monday order hastens crisis for telcos facing revenue losses every quarter; apart from Vodafone Idea, Bharti Airtel and Tata Group have also paid Rs 10,000 crore and Rs 2,197 crore, respectively

In order to comply with the SC order, Vodafone Idea on Thursday paid Rs 1,000 crore more to the Department of Telecommunications (DoT) towards its statutory dues.

DoT is in process of calculating pending AGR dues since FY17; this could raise another round of litigation battle between telecom companies and government

Telcos owe Rs 1.47 lakh crore to DoT, including Rs 92,600 crore as licence fee and Rs 55,100 crore as spectrum usage charges; of total amount, Vodafone Idea owes maximum Rs 53,000 crore

In an interview with Business Today, Narasimhan said expanding our knowledge base about such disease outbreak is important in order to take effective actions to address them

Telecom operators owe Rs 1.47 lakh crore to the Department of Telecommunications (DoT) in Adjusted Gross Revenue (AGR) dues, following a Supreme Court order in October last year

Following a change in the Income-tax Act 2012, the Supreme Court had ruled that the Vodafone-Hutchison deal could not be taxed in India. This resulted in tax refund due to the company worth Rs 7,000 crore

Share price of Bharti Airtel hit fresh high of Rs 568.60 compared to the previous close of Rs 565.10

Share price of Vodafone Idea gained over 18% to Rs 4.09 compared to the previous close of Rs 3.44 on BSE

AGR latest updates: Vodafone Idea said it is assessing the amount that can be paid towards AGR dues, even as it flagged concerns over the continuation of its business

State Bank of India has nearly Rs 29,000 crore loan exposure in telecom sector, the highest among Indian banks. Apart from this, SBI has an additional Rs 14,000 crore in non-fund based exposure to telcos

AGR case: A circle officer asked telcos to pay dues by midnight February 14-15 which created panic among telcos, after one of the SC judges asked to deposit 'sizeable' amounts by the end of the day

Telecom companies were expecting a lenient deadline for paying their AGR dues. Instead, they were ordered to pay the dues immediately

The Supreme Court bench ordered telecom companies to pay their AGR dues immediately, putting an end to all hopes of relief in the matter

So far, India has reported three confirmed cases of nCoV, all from Kerala

The DoT, which faced the ire of Supreme Court for putting on hold recovery of dues from telecom companies, has started issuing circle or zone-wise demand notices to firms

AGR row: Soon after the court judgement, Airtel said that it's in the process of doing self-assessment of the dues, and shall submit Rs 10,000 crore by February 20

Department of Telecommunications has started issuing circle or zone-wise demand notices to telecom firms, asking them to clear pending licence fees and spectrum usage charges before 11:59 pm on February 14

Lambasting DoT for issuing circular, SC bench head by Justice Arun Mishra dismisses review petition saying there's \"no stay\" on coercive action against telcos who'll fail to comply with SC order